AMC (AMC) Entertainment will report quarterly outcomes on Tuesday after the shut. Investors have some concept of what to anticipate for the reason that theater chain posted a few of its preliminary numbers final month.
Shares of AMC had been buying and selling decrease forward of outcomes amid an general market sell-off.
These are the consensus estimates for main metrics, as compiled by Bloomberg knowledge:
Adjusted (loss) per share: -16 cents
Revenue: $1.11 billion
Investors will probably be paying shut consideration to the earnings name this afternoon, as administration has fielded questions from shareholders prior to now.
AMC was a retail dealer favourite final 12 months — and amongst Yahoo Finance’s high 3 most searched tickers in 2021.
It’s been a unstable begin of the 12 months for so-called meme shares like AMC and GameStop (GME). Shares of the theater chain gained greater than 10% in February after a tough January. Year-to-date AMC is down greater than 30%.
CEO Adam Aron has leaned into retail enthusiasm. The firm has expanded into non-fungible tokens (NFTs). Last 12 months it introduced the creation of shareholder NFTs and revealed crypto funds choices.
Adam Aron, Chairman of the Board and CEO, AMC Entertainment, speaks on the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S., October 18, 2021. REUTERS/David Swanson
In early February AMC introduced preliminary 4th quarter income of about $1.17 billion and adjusted EBITDA between $146.8 million and $151.8 million. Those preliminary figures beat Wall Street estimates. Shares rallied on the preliminary launch.
“What was really impressive was the operating leverage. They had margins of 13%. On the third-quarter call, they said that EBITDA in this kind of scenario where revenues could be essentially what they were, would be break even,” mentioned Macquarie analyst Chad Beynon, who covers the inventory.
“It was a strong EBITDA. This doesn’t change how we’re thinking about 2022. People are unclear in terms of why they pre-announced this morning,” Beynon advised Yahoo Finance Live final month. Beynon has an Underperform score on the inventory, and a $6 worth goal.
The inventory has 3 Hold, and 5 Sell suggestions from Wall Street analysts, with a median worth goal of $6.34 per share.
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Ines is a markets reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre
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